GEICO Insurance let us down.
Will they do you wrong too?

One accident and they dropped us like a rock:

We had been using GEICO insurance (GEICO Direct) for 15 years continuously when our son caused an accident (the first and only time that anyone in our family has EVER caused an accident). The very next time that our policy was up for renewal, GEICO insurance sent us a letter stating that everyone else on the policy would be allowed to continue to use GEICO automobile insurance if we either destroyed my son's driver's license or if we could prove in writing that we bought him automobile insurance with some other company. GEICO insurance said that if we did not do what they required that our policy would not be renewed.

That very day that I got the letter from GEICO Insurance, I went to our local Allstate Insurance agent.

Allstate Insurance was way more than 15 percent cheaper than GEICO auto insurance.

So much for GEICO Insurance's statement of saving you 15 percent or more!

NO, NO, NO! I am NOT pushing Allstate Insurance. What I'm telling you is to get quotes from other insurance companies like Allstate Insurance, State Farm Insurance, Farmers, and others! I think you should pick up a local telephone book and take 5 minutes to call around and save yourself a bundle of money and grief!

Do yourself a favor if you are using GEICO Insurance - Stop what you are doing right now and call around to get a quote from other insurance companies! You'll probably have better insurance at a cheaper rate. At the very least, you will not be helping to sponsor all of those stupid GEICO Insurance commercials on TV. That alone is enough to switch to ANY company other than GEICO Insurance.

My nephew is a body shop repairman and he has been telling me for years that GEICO automobile insurance would drop us in an instant and that their rates were way too high. I thought he was just biased or something. I now know that he was correct. Sorry Mike*, you were totally correct! I wish I had listened to you.

If you don't believe me, look at what other people say about GEICO insurance:

My3cents.com

Consumeraffairs.com

Planetfeedback.com

Complaints.com

RipOffReport.com

BadBusinessBureau.com

Badfaithinsurance.org Showes GEICO to currently be the Nation's 12th worse insurance company! Their remarks about GEICO are quoted here for your review: "Berkshire Hathaway (incl. GEICO): A Bad Record. Large Insurer Group. Bad Faith Record Appears To Be Improving With Fewer Recent Complaints! Recently Upgraded. Whether To Buy Insurance From This Bad Faith Insurer Is Questionable ... Be Advised That When You Buy Insurance From This Bad Faith Insurer, You Do So At Significant Risk When You Need To Make A Claim. (Member Companies Of Berkshire-Hathaway Group formerly known as GEICO Include: Fairfield Insurance, GEICO Casualty Insurance, GEICO General Insurance, GEICO Indemnity, GEICO Insurance, General Star Indemnity, General Star National Insurance, Genesis Insurance, Government Employees Insurance, National Indemnity, National Liability & Fire Insurance, Oak River)."

The legal side: GEICO is a trademark of Government Employees Insurance Company. Government Employees Insurance Company and its affiliates GEICO General Insurance Company, GEICO Indemnity Company and GEICO Casualty Company insure private passenger automobiles and provide homeowner and other types of insurance for qualified applicants. The companies market collectively under the trade names GEICO and GEICO Direct.

MRWEBMAN.COM has NOTHING to do with GEICO or any of their affiliates.

*A moniker.

From Foxnews:

Begin Quote:

"Monday, March 20, 2006

NEW YORK — A leading U.S. consumer group Monday accused Geico Corp. (BRK) of using consumers' education backgrounds and occupations as criteria in setting auto insurance rates, resulting in discrimination against minorities and lower-income people.

The Consumer Federation of America (CFA) charged that the No. 4 U.S. auto insurer, has adopted rating methods and underwriting guidelines in 44 states that directly tie rates to education and occupation.

Geico, a unit of Berkshire Hathaway Inc. (BRK), the insurance and investment company controlled by billionaire Warren Buffett, rejected the charges. It called them "an offensive attempt to link fundamentally fair and actuarially sound industry practices with invidious discrimination."

The insurer provides auto insurance to more than 6 million policyholders, and insures more than 10 million vehicles.

Robert Hunter, the CFA's director of insurance and a former Texas insurance commissioner, called Geico's rate-setting policies an "underwriting sleight-of-hand" that can shortchange thousands of drivers.

Under Geico's guidelines, he said, a New Orleans factory worker without a high school education would pay $2,636 for insurance, 91 percent more the $1,382 that a white-collar worker with a graduate degree would pay for the same vehicle and location.

"There is clearly a disparate impact on minorities and lower income people," Hunter said in an interview. "If it isn't violative of the law, it should be. It strikes me as very unfair."

In a March 14 letter to the National Association of Insurance Commissioners, the CFA said Geico's use of educational status alone to determine rates allows it to bypass prohibitions on using income as a guideline for setting rates, on the grounds that doing so is racially discriminatory.

"What is very troubling is that Geico appears to be using these guidelines as a de facto rating method," it said. "Geico's methodology is reprehensible because not everyone has the opportunity or can afford to pursue a four-year college degree."

The CFA asked the NAIC to intervene before the practice, which it said other auto insurers are beginning to use, becomes more widespread.

Geico, responding in a March 17 letter to the NAIC, said the CFA's opinions are wrong from a public policy and legal perspective, and constitute a "full frontal attack" on market competition and consumer choice."End Quote.

Here is what GEICO Insurance says:

Begin Quote:

"Company Overview ...

Government Employees Insurance Company and its affiliates GEICO General Insurance Company, GEICO Indemnity Company and GEICO Casualty Company insure private passenger automobiles and provide homeowner and other types of insurance for qualified applicants. The companies market collectively under the trademarks GEICO and GEICO Direct®.

Ever since our beginning, the GEICO name has been synonymous with outstanding service. Instead of using agents, we've marketed directly to customers. At first, those customers were exclusively government workers. In 1958, the company began serving other customers as well. In 1980, GEICO became the first insurer to provide 24-hour customer service. Each week, over 10,000 drivers switch to GEICO Direct®. They come for the savings, but they stay for the service.

GEICO Direct® provides nationwide service and ranks as the fifth-largest private passenger auto insurance group in the United States. As of December 2001, we insured more than 4.7 million policyholders and 7.3 million autos. We employ more than 17,000 associates at our corporate headquarters in Washington, DC; regional service centers in Fredericksburg, VA; Woodbury, NY; Macon, GA; San Diego; and Dallas; and service centers in Coralville, IA;

Benefits ...

Health Care/Medical; Dental; Group Life; Voluntary Accidental Death & Dismemberment; Long-term disability; Tuition reimbursement; 401(k)Savings Plan; Profit Sharing Plan; Pension Plan; Vacation/Holidays

Employment Opportunities ...

Visit our Web site at : http://www.geico.com." End Quote

GEICO makes it a policy to donate funds to police departments for the exclusive purpose of purchasing radar and laser speed detectors! Read on...

Recently, I canceled my GEICO auto insurance policy. I'm writing this letter to inform you of why I made this decision.

I had been a GEICO member for almost three years, from 1995 to 1999. Up until recently, GEICO had provided insurance for my car, while I had lived in Eugene, Oregon and after, when I had moved to Bend, Oregon. Eugene is a city of some 140,000 residents and is a college town; Bend is a city of 50,000 residents with a large percentage of retired persons.

About a year ago I purchased a $220,000 house. The insurance I got for the house was through State Farm, because at the time it was easiest. I called GEICO to see what I could get for rates on the new house, and was informed that because I had moved to Bend, my insurance had to increase. I couldn't understand this, since Bend is a much smaller city with, as I said, an older population.

Recently, I purchased a second car, and set out to do some research. I discovered that with both State Farm and Farmer's Insurance, the insurance rate for my first car was much less for Bend than it was for Eugene. At this point, I began to reflecting, and it occurred to me that Geico, over the period of time in which I had been insured with them, had increased my insurance about once a year, for no other reason than unspecified "market forces". Given these facts, I can only conclude that it is Geico's policy to constantly raise rates on its customers, periodically and when they move from city to city, regardless of whether the new city is actually a higher risk environment or not. It seems apparent to me that it is GEICO's policy to raise rates at any and all opportunities.

I also recently discovered that GEICO has, in the past and present, made it a policy to donate funds to police departments for the exclusive purpose of purchasing radar and laser speed detectors. The intention of GEICO is to thereby increase the number of speeding tickets and justify raising the rates of their customers even more. This does not sound like the actions of a company who has its customer's interests at heart.

Since that time, I have stopped my GEICO policies and changed to another major insurance provider. I have found that their policies are more customer friendly than GEICOs, more clearly defined, and indeed, less expensive than GEICO.

I will not do business with companies who have aggressive and unfair business practices, with the sole intent of taking every opportunity to extract more money from their customers. I refuse to support a company who seems, for all intents and purposes, amoral, who works actively against its customers, and who appears to have every intention of sqeezing every penny out of their customers. I will no longer do business with GEICO, and I will encourage friends and family to stop or to not consider doing business with GEICO.

A copy of this letter has been posted to the Web, in hopes that others will be made aware of GEICO's practices and what the hidden costs are of doing business with GEICO, and will be warned enough to choose some other insurance company besides GEICO.

Sincerely,
Sean Russell

Read the full story at: http://www.ser1.net/Files/Software/Geico.html